Friday, July 12, 2024

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The Global impact of Mexican Cannabis

Cannabis is rapidly growing in relevancy across the world.

In an article at Bloomberg, writer Tiffany Kary describes just how important that Mexico legalization is.

“With a population approaching 130 million, Mexico is on the cusp of becoming the largest legal recreational market in the world,” says Kary. “That could pressure the U.S. to follow suit, since it will be sandwiched between Mexico and Canada, countries that both allow cannabis use.”

She also states that Mexico is especially suited for exporting cannabis, considering many multinational pharmaceutical, alcohol and consumer products companies are already in the country. This means high-quality manufacturing can happen with less cost.

Growing optimism is also seen in recent deals, including Curaleaf, the largest manufacturer in the US, buying Emmac Life Sciences in order to start expanding into the European Union. They’re expected to start selling CBD and cannabis products quickly in the continent.

As promise grows for the viability of legal pot, more large scale deals like this will be more and more common.

Read the source here.

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